Comprehensive Guide to FASTag KYC Update: Avoid Deactivation Before February 29 Deadline

FASTag KYC Update : In a world where seamless travel is becoming increasingly important, the National Highway Authority of India (NHAI) has taken a significant step with the introduction of the ‘One Vehicle, One FASTag’ initiative. This move aims to enhance the efficiency of electronic toll collection systems and discourage the improper use of FASTags. As we delve into this comprehensive guide, let’s explore the intricacies of the FASTag KYC update, an essential step to avoid deactivation before the looming February 29, 2024 deadline.

Streamlining FASTag Usage with One Vehicle, One FASTag Initiative

Embracing the ‘One Vehicle, One FASTag’ initiative is crucial for the efficient functioning of the electronic toll collection system. This step ensures that each vehicle has its dedicated FASTag, eliminating the practice of using a single tag for multiple vehicles or linking multiple tags to one vehicle.

Important Deadline – February 29, 2024: FASTag KYC update to Avoid Deactivation

A critical aspect of this initiative is the impending deadline was January 31, 2024, Now further extended till February 29, 2024. The NHAI has made it clear that FASTags with incomplete Know Your Customer (KYC) details will face deactivation or blacklisting by issuing banks, even if they possess a valid balance. To prevent inconvenience, it is imperative for users to complete the KYC process before this deadline.

Step-by-Step Guide to Update FASTag KYC

Visit the Bank-Linked FASTag Website:

1. Google the name of the website with the keyword ‘FASTag.’
2. Log in using your registered mobile number and OTP.
3. Navigate to the My Profile section and click on the KYC tab.
4. Fill in the required details, including address proof.

Dedicated Website for FASTag Status Check:

1. Visit fastag.ihmcl.com.
2. Log in using your registered mobile number and OTP.
3. Check KYC status in the My Profile section.

Documents Required for KYC:

• Registration certificate of the vehicle.
• Identity proof (Passport, Voter’s ID, Aadhar Card, Driving License, PAN card).
• Address proof (Passport, Voter’s ID, Aadhar Card, Driving License, PAN card).

Why the KYC Update?

The NHAI’s decision to enforce this KYC update stems from reports of multiple FASTags being issued for a single vehicle and tags being issued without proper KYC, a violation of RBI’s mandate. The initiative also addresses issues of deliberate non-fixing of FASTags on vehicle windscreens, causing delays at toll plazas.

What is a FASTag and Its Importance?

A FASTag is a pre-paid tag facility utilizing RFID technology, enabling automatic toll fee deduction. Mandatory since February 15, 2021, it promotes digital payments and ensures non-stop movement at toll plazas.

Purchasing a FASTag – Process and Requirements

Availability:

FASTags are available for purchase at over 28,000 POS locations, banks, fee plazas, RTOs, service centers, and petrol pumps.

Documents Needed:

• Registration certificate (RC) of the vehicle.
• Identity proof, address proof, and a passport-size photo.

Checking FASTag Status and KYC Update Online

Checking FASTag Status:

1. Visit fastag.ihmcl.com.
2. Log in and check KYC status in the My Profile section.

Updating KYC Online:

1. Visit fastag.ihmcl.com.
2. Navigate to the My Profile section and open the KYC tab.
3. Add required details and upload necessary documents.
4. Confirm the declaration and submit.

FAQ – Frequently Asked Questions

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